Nano Nuclear Energy Inc (NASDAQ:NNE) Adds 15.66% In One Week: What’s Boosting Its Stock?

In last trading session, Nano Nuclear Energy Inc (NASDAQ:NNE) saw 4.19 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $26.77 trading at $0.75 or 2.88% at ring of the bell on the day assigns it a market valuation of $883.41M. That closing price of NNE’s stock is at a discount of -40.12% from its 52-week high price of $37.51 and is indicating a premium of 87.86% from its 52-week low price of $3.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.12 million shares which gives us an average trading volume of 4.71 million if we extend that period to 3-months.

For Nano Nuclear Energy Inc (NNE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.

Nano Nuclear Energy Inc (NASDAQ:NNE) trade information

Upright in the green during last session for gaining 2.88%, in the last five days NNE remained trading in the green while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $26.77 price level, adding 20.85% to its value on the day. Nano Nuclear Energy Inc’s shares saw a change of 415.80% in year-to-date performance and have moved 15.66% in past 5-day. Nano Nuclear Energy Inc (NASDAQ:NNE) showed a performance of 28.09% in past 30-days. Number of shares sold short was 1.82 million shares which calculate 0.3 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 50 to the stock, which implies a rise of 46.46% to its current value. Analysts have been projecting 50 as a low price target for the stock while placing it at a high target of 50. It follows that stock’s current price would drop -86.78% in reaching the projected high whereas dropping to the targeted low would mean a loss of -86.78% for stock’s current value.

And 1 analysts are in estimates of company making revenue of 300k in the next quarter.

On the other hand, Fidelity NASDAQ Composite Index Fund and Global X Fds-Global X Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 18.15 shares of worth $0.49 million or 0.06% of the total outstanding shares. The later fund manager was in possession of 2.21 shares on Sep 30, 2024 , making its stake of worth around $59295.0 in the company or a holder of 0.01% of company’s stock.